Search Results for: Monetary Authority of Singapore (MAS)
MAS: Falcon Bank to Cease Operations due to serious failures in AML controls
October 11th, 2016
The Monetary Authority of Singapore (MAS) announced today that it is withdrawing the merchant bank status of Falcon Private Bank Ltd, Singapore Branch (Falcon Bank) for serious failures in anti-money laundering (AML) controls and improper conduct by senior management ...
MAS to boost FinTech skills
October 3rd, 2016
The Monetary Authority of Singapore (MAS) and the five local polytechnics1 have agreed on a framework to review and enhance the polytechnics’ curricula in the next three years to prepare and equip their graduates with the skill sets necessary to ...
Asia Closes In On UK In Forex Market Dominance
September 8th, 2016
For weeks now, analysts have warned that the U.K.’s dominance in FX trading is waning. Now, for the first time in more than a decade, the U.K.’s share of the global currencies trading market dropped to 37.1 percent, reports ...
MAS establishes FinTech Innovation Lab
August 26th, 2016
The Monetary Authority of Singapore (MAS) today announced the opening of its FinTech Innovation Lab. The purpose-built facility, known as Looking Glass @ MAS1, is located within the MAS Building. Looking Glass @ MAS will serve the following purposes: ...
KYC: ‘Increased Guidance’ From Regulators Will Help Treasury
October 14th, 2015
During the opening session of the compliance forum at Sibos 2015, regulators discussed the intense scrutiny being placed on banks to crack down on money laundering and terrorist financing. That scrutiny has been passed along to banks’ corporate clients, ...
MAS’ response to media queries on recent developments in Greece
July 7th, 2015
In response to media queries, the Monetary Authority of Singapore (MAS) said that Singapore’s domestic money and foreign exchange markets continue to function in an orderly fashion. The direct exposure of our economy and banking system to Greece is ...
SGX sets up board of inquiry to probe power outage
November 10th, 2014
A board of inquiry has been set up by the Singapore Exchange (SGX) to investigate the power outage which caused a halt in the trading of securities and derivatives for more than three hours on Wednesday afternoon (Nov 5). Deputy ...
ASIC and MAS sign a Memorandum of Understanding
September 17th, 2014
The Australian regulator, ASIC, and the Monetary Authority of Singapore (MAS) have sign a Memorandum of Understanding (MOU) to allow trade repositories licensed in one jurisdiction to provide relevant data to the authority in the other jurisdiction. Through this ...
MAS against money laundering and terrorist financing
July 17th, 2014
The Monetary Authority of Singapore (MAS) is seeking public feedback on proposed new measures to further protect Singapore’s financial system from being used to launder money or finance terrorism. A consultation paper has been released on Tuesday (July 15). ...
MAS welcomes cross-border yuan initiative for Tianjin Eco-city
July 10th, 2014
The Monetary Authority of Singapore (MAS) has welcomed the move by China’s central bank to allow companies and individuals in Tianjin Eco-city to conduct cross-border yuan transactions with Singapore. The directive issued by the People’s Bank of China (PBC) ...
